14 May 2025
According to ResearchGate, more than 76% people use online money banking platforms. Nigerians living in Denmark regularly send money from Denmark to Nigeria. Whether it's for supporting family, funding education, or investing back home, remittances play a big role in household incomes across the country.
But here's the question: Is using traditional banks still a smart choice for sending money in 2025? Let's explore the reality so you can make better decisions.
Banks have been around for decades. Many Nigerians abroad still use their local banks to send money back home. It feels familiar and seems safe. But what do you really get?
In 2025, banks still charge more than digital money transfer services. Why?
A lot of people only look at the transfer fee. But banks also make money from currency exchange rates. For example, if the real rate is ₦1,400 per $1, your bank might offer ₦1,320 instead. That’s a big cut.
Some banks charge a flat fee of $20–$40 per transaction, even for small amounts.
Some transfers take 2–5 working days to reach the recipient. That’s frustrating in urgent situations.
These costs can add up, especially if you send money to Nigeria from Denmark every month.
More Nigerians abroad are now turning to digital platforms instead of banks. Why? The advantages are hard to ignore:
One of the most popular platforms today is ACE Money Transfer. Thousands of Nigerians abroad use it every day.
ACE Money Transfer has made a name for itself among Nigerians abroad for good reason.
You can even track your transfer in real time through their app. That's a convenience that traditional banks rarely offer.
Let’s say you want to send $500 to Nigeria.
Option | Transfer Fee | Exchange Rate | Amount Received |
Traditional Bank | $30 | ₦1,320 | ₦660,000 |
ACE Money Transfer | $5 | ₦1,400 | ₦695,000 |
You lose ₦35,000 using the bank. That’s enough for groceries or part of a child’s school fees in Nigeria. Every naira is important.
One of the reasons people stick with banks is safety. And that makes sense. But in 2025, top digital platforms like ACE are just as secure. They follow international financial regulations and are fully licensed. Plus, two-factor authentication, encryption, and real-time alerts make sure your money is protected every step of the way.
If you're deciding between using a bank or a money transfer service, ask yourself:
If your bank fails on more than two of these points, it’s probably time to look elsewhere.
In today’s world, you have more choices than ever. Sticking to banks just because it's what you’ve always done may not be the best move. Explore smarter options that give you more control, better rates, and faster results.
ACE Money Transfer has already helped thousands of Nigerians send money safely, quickly, and affordably. It might just be the upgrade you didn’t know you needed.
If you care about your family’s well-being and your own hard-earned income, rethink how you make a money transfer from Denmark to Nigeria. Banks may still be useful for some things, but not necessarily for home remittances anymore.
Whether it's for your child's school fees, your mother’s hospital bill, or building your dream home in Nigeria, every naira counts. So before you hit send, make sure your choice is giving you value, speed, and security. For many Nigerians in 2025, that choice is no longer the bank. It’s online money transfer platforms like ACE Money Transfer.
Yes, they are safe, but often expensive and slower compared to digital platforms.
Yes. It's regulated, secure, and widely used by Nigerians around the world. Also, it secures 4.8 Trustpilot rating that makes ACE one of the most trusted money transfer platforms.
Yes. ACE allows cash pickup and mobile wallet transfers in Nigeria.
Sending larger amounts less frequently can help reduce fees, especially with banks.
